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I'm interested in renting/owning a timeshare but thought I would get the basics out of the way. How do timeshares work? I know someone who has a timeshare in Arizona, but they travel to the Bahama's all the time. Does the location matter? Can you own a timeshare in one place, but use it at every location? If that's the case, why not buy a cheaper location and just go to the nicer resort? Other considerations?